Wed, Apr 16, 2008
Will Other Carriers To Follow Suit?
Sheesh...
when is this gonna stop? Reacting to oil prices that topped $114 a
barrel earlier this week, United Airlines increased its domestic
fuel surcharge by $10-$20 roundtrip.
The fare hike, which went into effect late Tuesday, is on top of
a separate jump in United fares last week... which the airline said
was also intended to offset fuel expenses, reports The Associated
Press.
Passengers flying from areas where United had already imposed a
fuel surcharge will see that fee increased $10, to $35 one-way,
said United spokeswoman Robin Urbanski. Markets that had escaped
fuel surcharges before -- such as along routes where United faced
strong competition from low-cost providers -- will now see a $5 fee
added to one-way tickets.
United's announcement marked the 12th time this year airlines
have attempted to raise ticket prices throughout their networks,
according to FareCompare.com. Not all those hikes have been
successful, however... and site CEO Rick Seaney says it's 50/50
whether the latest one will stick.
"My gut tells me that this attempt may not make it," Seaney
said, noting four other attempted hikes have failed, "... but I
cannot rule out the possibility of major matching in the next five
days."
United expects to spend an additional $2 billion in fuel charges
this year, Urbanksi said.
The stock market failed to react much to United's announcement,
as shares in the Chicago-based airline fell 14 cents in early
trading Wednesday, to $22.18.
More News
From 2023 (YouTube Version): Legacy of a Titan Robert (Bob) Anderson Hoover was a fighter pilot, test pilot, flight instructor, and air show superstar. More so, Bob Hoover was an i>[...]
Get The Latest in Aviation News NOW on Instagram Are you on Instagram yet? It's been around for a few years, quietly picking up traction mostly thanks to everybody's new obsession >[...]
Aero Linx: B-52H Stratofortress The B-52H Stratofortress is a long-range, heavy bomber that can perform a variety of missions. The bomber is capable of flying at high subsonic spee>[...]
Altimeter Setting The barometric pressure reading used to adjust a pressure altimeter for variations in existing atmospheric pressure or to the standard altimeter setting (29.92).>[...]
"Knowing that we play an active part in bettering people's lives is extremely rewarding. My team and I are very thankful for the opportunity to be here and to help in any way we ca>[...]